I have already begun to disassemble it to look for problems I am entirely new at this, so it is a learning experience as well as a challenge. I am still determining what part names are and the basics of function. Here's a picture of it opened (click on it for a larger image):
It is out of tune of course, so that will have to get remedied soon. From what I have gathered so far, the bridle straps are in bad shape, and some are broken. One was replaced with string, which I find ridiculous. The key tops are in need of care. Some are cracked, and others are worn from years of use (enjoyment). The hammer and damper pads are old, and as a result some need work, or replacement. I am hoping I can fix them myself. The hammer pads are in far better shape than the damper pads. More problems will likely rear their ugly heads as I delve further into it, but on the good side, the sound board, strings, plate and bridges seem good.
So now the adventure begins. As I am completely broke, I plan on doing much of the repairs myself (balls of steel). Not sure what to tackle first, keytops or bridle straps. I might even be able to work up enough confidence to pull out the complete action. I will post images and updates as I progress.
Wish me luck.